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ACCC staff training ‘inadequate’ during bank cartel probe, court hears
Financial Services 2021-12-10 3:57 pm By Cindy Cameronne

A senior ACCC officer has been grilled on whether staff training on criminal cartel investigations was “inadequate” while the competition regulator ran a cartel probe into ANZ’s $2.5 billion share placement in 2016.

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Biogen may sue third generic drug maker to protect MS drug Tecfidera
Intellectual Property 2021-12-10 4:14 pm By Cat Fredenburgh

Swiss pharmaceutical company Biogen is considering a third patent infringement lawsuit against a drug maker to shield its monopoly in Australia for blockbuster multiple sclerosis drug Tecfidera from generic competition.

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Sparke Helmore ordered to pay $285K in negligence lawsuit
Professional Negligence 2021-12-09 6:55 pm By Bianca Hrovat

Sparke Helmore will have to pay $285,598 in damages for its negligence in advising a New South Wales property developer, but a judge found the law firm should not be on the hook for costs because the lawsuit was filed in the wrong court.

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Judge shoots down ex-ANZ trader’s ’emaciated’ bid to view lawyer meeting notes
Financial Services 2021-12-09 1:57 pm By Miklos Bolza

A former ANZ trader who alleges he was sacked for complaining about the bank’s manipulation of the bank bill swap rate has lost his bid to view lawyers’ notes taken during meetings over ASIC’s investigation into the bank’s conduct.

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High Court won’t hear TechnologyOne exec’s bid to revive $5.2M award
Employment 2021-12-09 5:26 pm By Miklos Bolza

A former TechnologyOne executive has lost his application for special leave to appeal a judgment throwing out a $5.2 million bullying judgment in his favour, but has vowed to seek up to $25 million in a retrial against his former employer.

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ASIC opposes BlueScope general manager’s request to manage company
Competition & Consumer Protection 2021-12-09 3:09 pm By Cindy Cameronne

The Australian Securities and Investments Commission has opposed BlueScope Steel general manager Jason Ellis’ request for court permission to manage another company, saying he should wait until the ACCC’s price-fixing case against him has been decided.

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Full Court parks opposition to patent for detecting parking overstays
Appeals 2021-12-09 12:01 pm By Miklos Bolza

Tech company Vehicle Management Systems has come up short in its third attempt to block competitor SARB Management Group’s patent application for a magnetic parking overstay detector, with the Full Court rejecting claims that VMS’ managing director should have been listed as the device’s inventor.

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Judge ‘very, very concerned’ over Facebook posts in Qantas case
Employment 2021-12-08 12:43 pm By Miklos Bolza

Union members who allegedly urged former Qantas workers to give misleading information to the Federal Court via a survey in a lawsuit brought on behalf of 2,000 stood-down ground staff may be called to explain themselves after a judge expressed concern over their conduct.

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Sunwater loses dispute with Liberty over coverage for Queensland floods class action
Insurance 2021-12-08 3:32 pm By Miklos Bolza

Liberty Mutual Insurance does not have to indemnify dam operator Sunwater for its share of a $440 million settlement of the Queensland floods class action, the NSW Supreme Court has found.

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Port of Newcastle can charge Glencore higher access fees, High Court rules
Competition & Consumer Protection 2021-12-08 6:57 pm By Miklos Bolza

The Port of Newcastle has largely won its High Court fight with mining giant Glencore over access fees and will now be able to set a higher price for use of the port’s facilities.

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